Clicky

More Permian Basin oil headed to European markets

A deal between a Houston-based oil midstream company and the Calhoun Port Authority in south Texas will see Permian Basin oil shipped to international markets.

Max Midstream announced its partnership with the Port Authority in March and loaded the first shipment on May 12.

The terminal at the Port of Calhoun in Point Comfort, Texas was connected via pipeline to shippers in the Eagle Ford Basin in southern Texas and the system was expected to hook into the Permian Basin in West Texas and southeast New Mexico in the coming months.

More:Oklahoma company looks to grow profits as Permian oil and gas sustains pre-COVID-19 levels

Last year, Max Midstream bought the Seahawk Pipeline at the port and connected it to the Eagle Ford with plans to expand to the Permian for a total shipping capacity of 20 million barrels of oil per month.